Funding you earn now, next payment 06:00 UTC−0.0254%/8h= −27.8% APRpaid last 24h −0.167%
Price spread now: Bybit against Polymarket Perps−0.121%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.574%−$57 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Bybit is 0.121% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps ZM-USD | 91.070 | 0.0254 | pay 0.0032% / 1h | 13m 57s | $105K | $391K | 10x |
| Short | Bybit ZMUSDT | 90.960 | 0 | get 0.0000% / 8h | 2h 13m | $95K | $33K | 25x |
Polymarket Perps ZM-USD
Bybit ZMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Polymarket Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$53.41
- Price spread: −0.121% → 0.000%
- −$12.08
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$84.49
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Polymarket Perps: live order book, 64 min ago; Bybit: no order-book sample. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Polymarket Perps live order book, 64 min ago | 3.30 bp | 9.7 bp −$10 | 17.0 bp −$170 | doesn't fit | doesn't fit |
| Sell Bybit no order-book sample | — | — | — | — | — |
Bybit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ZM on 13 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:ZM | −0.0054% | 1h | 90.906 | −0.180% | $522K | $82K | 10x | as long as short |
| Aster ZMUSDT | 0.0000% | 8h | 91.077 | +0.008% | $7K | $598 | 20x | as long as short |
| Binance ZMUSDT | 0.0000% | 8h | 91.040 | −0.033% | $413K | $517K | 20x | as long as short |
| Bybit ZMUSDTshort | 0.0000% | 8h | 90.960 | −0.121% | $95K | $33K | 25x | |
| OKX ZM-USDT-SWAP | 0.0000% | 8h | 90.820 | −0.275% | $167K | $118K | 20x | as long as short |
| Gate ZM_USDT | 0.0000% | 8h | 90.980 | −0.099% | $249K | $136K | 20x | as long as short |
| Bitget ZMUSDT | 0.0000% | 8h | 91.000 | −0.077% | $200K | $64K | 20x | as long as short |
| Variational Omni ZM | 0.0000% | 8h | 91.020 | −0.055% | $11K | $36K | — | as long as short |
| SunX ZM-USDT | 0.0000% | 8h | 91.020 | −0.055% | $1K | $495K | 10x | as long as short |
| HTX ZM-USDT | 0.0000% | 8h | 91.060 | −0.011% | $6K | $36K | 10x | as long as short |
tradeXYZ xyz:ZM
Aster ZMUSDT
Binance ZMUSDT
OKX ZM-USDT-SWAP
Gate ZM_USDT
Bitget ZMUSDT
Variational Omni ZM
SunX ZM-USDT
HTX ZM-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX ZM-USD | +0.0023% | 1h | 91.070 | 0.000% | $1.1M | $6.6M | 10x | as long as short |
| KuCoin ZMUSDTM | +0.0100% | 8h | 91.110 | +0.044% | $70K | $1.5M | 20x | as long as short |
| Polymarket Perps ZM-USDlong | +0.0254% | 1h | 91.070 | long leg | $105K | $391K | 10x |
QFEX ZM-USD
KuCoin ZMUSDTM